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20121027
20121104
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is better able to turn out the vote. chief washington correspondent john harwood is at a phone bank where union members supporting the president are working hard to increase that turnout. this is critical, john. >> reporter: maria, this is the critical effort of this last four days of the election. the candidates are flying around. they're delivering their messages. tv ads are on the air. most aftof that messaging has already had its impact. now it's about both sides trying to mobilize the vote, especially in the eight or nine key states. here in this call center, they're working from 10:00 in the morning into the evening every day. they're phoning into the state of virginia right now with 13 electoral votes. that's a swing state barack obama carried four years ago that mitt romney wants to take away from him. business and other groups allied with the republican campaign are doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. th
by and london. kelly, what have you got today? >> as you've been discussing, the johns report, basically traders are on hold waiting for that release anne frankly, it's not even the jobs report today, it's the election tuesday. it's a lot of the eurozone meetings coming up which really have their attention and has people a little bit nervous about making big news. so europe stoxx 600 up about 0.2%. quick look at the major bourses. you'll see they're actually for the most part to the down side, roughly flat. ibex 35 showing gains. ftse fractionally higher. we did get some data out today. pmis across the eurozone area. the composite came in okay, but greece and spain manufacturing sectors continues to to shrink. that's one reason we're'sing the euro trade weaker. but very important issue. as of today, short sellers with more than 0.2% position in any european company have to report to regulators. and if they have more than 0.5% position, it will be made public. this is highly unusual. teams of lawyers were working in to the night last night making sure they could meet all the disclosure requiremen
race. >> what does it mean for the president, for governor romney? a lot. larry kudlow and john harwood weigh in on that coming up next. >>> also coming up tonight, a storm chaser. he's run with sandy from the nation's capital all the way up to new york. we'll see what he's been up to coming up. ybe it was half an hoe showed you we thought the water will probably come on to tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd
and the recovery effort. let me bring in john harwood in washington to talk more about the president's comments. john, interesting to see two unlikely politicians very much on the same page on this issue right now. >> exactly. as chris christie said, maria, first and foremost it was two elected officials doing the jobs they were elected to do. so in some sense the president simply performing as citizens would want him to. on the other hand, for all the tens of millions of dollars being spent on television advertising in this final week of the election campaign, it is absolutely priceless for him to be standing there with the keynote speaker at the republican national convention against him. and to have chris christie say the president shows compassion, concern for our state and functioning at a high level. the president emphasized that 15-minute rule. he's going to return phone calls, cut through red tape. all of that can only help the president. don't know how much as he prepares for reelection next week. it can't hurt and will probably do him some good. >> i don't want to be skeptical. but ho
the biggest economic impact overall. johns hopkins put out a research study yesterday that estimated about 10 million people could lose power. that compares to about 7 million that lost power during irene. and it could take a week to get everybody back up and running because they won't be able to start putting things back together again until probably wednesday and it will be another five to seven days after that. big, big hit to the economy. >> paul, thank you so much. i know you're going to be with us for the next few days as we continue to work through hurricane sandy. thank you, paul. >>> all right. tyler, over to you. >> thank you, sue. hurricane sandy of course bearing down, point pleasant, new jersey. some utilities bracing for the worse. we just talk a little bit about that. warning customers that they could be out of power for a week, ten days, maybe more. what kind of damage are we talking about here and will some utilities perform better than others. greg gordon is senior managing director at isi group. mr. gordon, welcome, good to see you. can any utility that will be affected by
could be images and headlines turn against him. john harwood is at an afl-cio phone bank where they are urging voters to get to the polls. governor christie seems deeply in command the way the federal government has stepped in to help. this is the third hurricane i've covered in my lifetime, andrew, katrina and now this. we are at the point where the population gets furious and they turn on the government. the government can just not handle the huge, huge logistical requirements that happen after a storm like this. could this actually turn on the president at some point here? >> reporter: i don't think so. i think what the president has had the opportunity to do is show americans that he was involved in an effort that the country was rallying behind and do his job in a way that got praise by the keynote speaker at the republican convention, chris christie, very tough critic of the president otherwise. so i don't think many voters are going to blame president obama for what's going on right now, and leave aside the fact that the states in which the difficulties are occurring db
negative territory but it is the symbolism that is everything for most people today. john liu is the controller of new york city. he's just toured lower manhattan and he joins us very kindly here on the floor of the new york stock exchange. welcome. a big day for us. >> good to see you again, simon. >> what did you see outside? what does it mean for the revenue for new york city? >> well, much of lower manhattan, as you just mentioned, is still paralyzed just because there is no power, there is no mass transit. people are finding it very difficult to get back to work around here. even if they are able to get back to work -- i've got almost 200 people back in my offices without lights, without computers, without phone lines. although i think some of the phone lines are now starting to come on. it's difficult. it is good to see here at the exchanges that things are humming. >> oh, for sure. for sure. classic thing for me is to ask you what it is going to cost the city. i'd like to just turn that around if i may and say if fema covers some of our bills an private insurance coughs
number but the recovery efforts post-sandy. we want to get to john harwood with reaction to what the president said. as we begin to see both candidates, we'll hear from governor romney in a little bit, what they're calling their closing arguments in the last few days of the campaign. >> reporter: that's right, and president obama is making his closing argument wrapping it around the recovery efforts for sandy, the bipartisan cooperation that he demonstrated with chris christie, trying to make the point that this is when america is at its best. now he's got a better than expected jobs report and he can say america's coming back, home values are rising. we had the most private sector hiring in eight months. all those are elements of the president's argument. of course, mitt romney's argument is going to be is this the best we can do? we can do better. he has already been saying that earlier today, saying the president says this is the best it can be. i say it can't stay this way. there you have the two arguments framed as we go to a final weekend with the polls nationally showing a
get october factory orders at 10 a.m. expected to jump nearly 5%. john williams speaks about the economy at 2:45 p.m. and look for earnings from mcgraw hill, thomson reuters, "washington post," good lord, madison square garden, the maker of bubble wrap. there's one one to watch. >> who doesn't like bubble wrap. still to come on the program, we'll take a look at what tuesday's election means for america's chances for falling off the fiscal cliff. >>> greece's coalition government on shaky ground. quit because of a scandal over a published list of suspected tax evaders. it they're putting on a unified front before a key vote on austerity measures. >> royal bank of scott land has had a loss of just over 1.4 billion pounds mainly due to a clarm on his own debt. the lender has increased its compensation provision by 400 million pounds and will soon enter negotiations to settle libor investigations. it's also likely to be hit. they reiterated the banking industry must make major changes to it culture. >> i guess in general banks didn't live up to the standards of integrity and have
their hands on the new ipad mini. john fort is outside an apple store in california with a surprising story. john. >> reporter: marimaria, it's sta wait, though. that line in new york got longer at the fifth avenue store. more than 800 people when the doors opened. hard to gauge exactly what that means, though. a number of other new york stores were closed, of course, in the south of manhattan because of hurricane sandy cleanup. now, here in palo alto, still plenty of back ipad minis in stock. i took a look at the number of reservation cards. looks like there are well over 50 cards. they say they have 16, 32, and 43 gigabyte models in stock. it just got really crowded. lots of people coming in and getting minis. gene muenster of piper jaffray estimates over 1 million. maybe they'll put out a number next week. i haven't heard any word on that either way. >> all right, john. thanks so much. the ipad may be getting smaller, but the tablet space is becoming a big battleground. hewlett-packard no doubt one of the key players in the space. todd bradley joins me now to talk about that. thank you f
on getting out tuesday's vote. john harwood has been watching all of it. good evening, john. >> reporter: larry, as they crisscross the battleground states the presidential candidates got one last fresh piece of economic data before tuesday's election. that was the october jobs report. it was better than expected which allowed president obama to deliver a message of how far we've come. >> in 2008 we were in the middle of two wars and the worst economic crisis since the great depression. and today our businesses have created nearly 5.5 million new jobs and this morning we learned companies hired more workers in october than at any time in the last eight months. >> reporter: as you'd expect, larry, mitt romney stressed the opposite case which is unemployment today remains higher than it was when president obama took office. >> he said he was going to lower the unemployment rate. down to 5.2% right now. today we learned that it's actually 7.9%. and that's 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. think of that. >> reporter: of
? should i take john in florida? john? >> caller: earnings. >> i didn't catch that. >> caller: west port innovations. >> i think it's okay. i like the concept. let's hear what charter industries have to say next week and then we can make a better judgment. that, ladies and gentlemen, the conclusion of the lightning round. >> the lightning round sponsored by td ameritrade. >>> if missing earnings were an art form, this dupont quarter would be a picasso. cutting the numbers, were a sporting event, dupont's won the world series and the super bowl. and if it was an olympic contest, i would be giving this a high fly belly flop. dupont's teflon business, it was awful. >> that sound. >> hey, cramer, in august i purchased cumin, and since then it has taken a most dive. should put it in neutral and strap? >> why don't you put your hands on my -- >> oh. >> that's bruce. >> you know i have been a fan of p & g forever. i love this with cheese, and these i eat alone. oven bakes italian toast. i have these every morning. big ones in it, smaller ones, okay, lynch, i've had too much to eat if for the sm
city of houston? should i take john in florida? john? >> caller: earnings. >> i didn't catch that. >> caller: westport innovations. >> i think it's okay. i like the concept. let's hear what charter industries have to say next week and then we can make a better judgment. that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> if missing earnings were an art form, this dupont quarter would be a picasso. cutting the numbers was a sporting event, dupont's won the world series and the super bowl. and if it was an olympic contest, i would be giving this a high fly belly flop. dupont's teflon business, it was awful. >> that sound. >> hey, cramer, in august i purchased cumin, and since then it has taken a nose dive. should i put it in neutral and coast in to a long position? >> why don't you put your hands on my -- >> oh. >> that's bruce. >> you know i have been a fan of p & g forever. i love this with cheese, and these i eat alone. oven baked italian toast. i have these every morning. big ones in it, smaller ones, ok
be stranded. and will hurricane sandy rock the vote. john harwood will check in from washington. >>> welcome back. a quiet times square before the storm. we'll have a weather channel update in just a few minutes. we'll see whether they know anything that we don't know here at a business channel. i don't know why they would. time for squawk sports as the east coast is preparing for hurricane sandy, i don't know what happened to the giants. giants were in detroit sweeping the tigers. winning four straight games to capture the title. once you beat the reds and come back from two down, then the rest was easy for the giants. in case you missed sunday night football or saturday football, are they -- is kent state a full accredited -- >> now you're going to thrust an ohio school on top of it? >> they don't have video of that. >> i think what you should say to me is how did colorado do against oregon. >> i wouldn't go that low. y picked against your alma mater. >> i know. notre dame by the way, it you watch the first couple -- >> i watched in and out. >> i thought oklahoma was going to beat them bad
and gas stocks have been terrible of late. let's go to john in illinois, please, john? >> caller: big hello sandy boo-yeah to you. >> nice. >> nuan, nuance technology. >> voice recognition, maybe it's because of the herb greenberg in me. i've been suspicion and wary of voice recognition stocks. i can't get behind it. greg in alabama. greg? >> caller: what do you think about united states oil fund? uso? >> no, no, no. we're not going to buy any of those ones that are -- these don't work. in "getting back to even" i explain why they don't work. i need you in an oil and gas company. i'm sensitive to conoco. by the way, i think you can do that lnco, holds up well. and they've got a good yield. abraham in south carolina. >> caller: hey, jim. man, i love your show. boo-yeah. >> thank you, thank you. >> caller: my question is about anxn. >> people have really decided to back away from this one. it's almost like they decided this one went up too much and they're rotating into gilead. i agree. let's go to mike. >> caller: hey, jim. looking for high dividends. i bought windstream. it dropped 50
of the month, a crucial one. so is the first day of the month, tomorrow. we'll also be joined by john silvia, chief economist at wells fargo to talk through the economic impact of this storm. john, you say this could take as much as $30 billion out of the u.s. economy. any update to that figure? >> earlier comments, a lot of contingency plans, a lot of uncertainty here. but i think that's a fair estimate initially. let's look at governor christie's comments. depending so much on how fast the money gets back into the system and there's rebuilding. having lived in new york, you realize that the winter is coming. there's a huge inventive for people to start getting these things fixed right away. so that money will be put to work. so $30 billion is still our best estimate. at this point in time, depends on how quickly the money is put back into place. but having lived in this area, you probably appreciate the fact that actually a lot of improvements will happen now with better infrastructure, especially on the public sector level, so we actually could see an addition to economic growth in the fi
with more on how sandy is going to impact the election is our chief washington correspondent john harwood. one thing i keep hearing, john, just aside from this, is all these first responders and volunteers going in to save people that ignored what they were supposed to do, and you've still got to go in with a smile on your face, and it's like here you are, again. you know, up on top of a dresser with eight feet of water, when you knew full well that you should have left. and we will save you again. what are you going to do? you can't get mad and say i'm not going to tell you, but people don't leave, john. >> that's what governor work is all about. it's not easy. you've got to get people to do things they don't want to do. chris christie was pretty explicit in calling out people who ignored those warnings, and he'll keep doing that, and president obama is going to do whatever he can to help him, because you were talking a moment ago, joe, about instead of being on the campaign trail, what would be a better campaign appearance for the final days of the campaign than president obama appearin
the stage from the presidential electi election, which happens one week from today. john is here with the latest. >> well, the impact today was clear. the president cancelled his campaign events. he monitored from the white house with members of his administration the situation with efforts to recover from the impact of sandy. tomorrow he's going to travel to new jersey and appear with chris christie, the republican governor who said very nice things about his response so far. mitt romney also canceled the political portion of his public events today, although he did appear in ohio at an event to raise funds and supplies for the relief effort for people affected by sandy. the long-term impact, how it's going to affect the vote, is very, very speculative. no one knows. i haven't talked to many political people who think it's going to change many people's votes, but it could disrupt voting in some places and cause polling places to have to move. i'll be very interested to hear what ed rendell has to say about that. philadelphia and the philadelphia suburbs, very important to democr
of trading advantage from the chicago mercantile exchange, steven guilfoil, john wood of j.j. w and associates from the nymex a few blocks away in lower man hat the tan and steven rosen from stock gen joins us from manhattan and bob pisani as well. steven guilfoil what an achievement to get things going, uphill battle. >> most of us have problems in our own neighborhoods, had to commute in, most of us had to drive in, maybe walk a great distance, but i'd say 80% to 90% of us are here and surprisingly the liquidity is here. the volume is about where it's supposed to be. >> john, what about the nymex one of the areas in the eye of the storm. what has it been like in terms of getting business back on track? >> we have problems with phones today and it was just the floor was probably about half full. it was just really a logistic nightmare just getting here. i live down in the jersey shore so just getting up here was quite a chore. you get back to the customers and towards the latter part of the trading day you saw a pickup a little bit. >> we want to get to breaking news, stand by,
, john silvia. i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's ke
potentially a boost? let's bring in john ar wood, our chief washington correspondent, who is at the white house. what is the to mood in the obama camp a week before the election, john? >> they have enough of an edge in the swing states, in particular, ohio, critical for mitt romney, enough to went election. they realize it is extremely close and realize they could lose it, but feel are fairly confident, at the white house they trying to as hard as they can to focus and project that they are focusing on the storm before the run suggested, tyler, the president doing his job, praised by chris christie, the governor of new jersey, as he was earlier today for attending to the job. that can't hurt, i'm a little skeptical myself of it providing a big boost to his campaign because, he is, after all, doing his job so many voters locked in. i don't expect it to switch a lot of votes but certainly can't hurt for the president to be seen as being his job in a competent way. >> i guess the risk of a screwup would got other bay, it that happened it could be damaging. >> george w. bush found that out. g
with the latest numbers. hi, john. >> we've all been watching the national polls which show a dead-even race but really the race is going to be settled in the battleground states. we've got three new nbc news/"wall street journal"/maris polls of three of those states. first start with the state of iowa, in the heartland, every presidential campaign starts. president got a 6 percentage point lead, 50-44. that's very auspicious for him in a state that both parties are contesting. secondly, go to wisconsin. this is paul ryan's home state, one that republicans have been hoping to steal out of the democratic column. they haven't carried it since 1988. and you've got the democrats with a 3 percentage point lead, 49% for president obama, 46% for mitt romney. finally new hampshire, the only state in the northeast where mitt romney's a real threat to take away from democrats. president obama's got a 2 percentage point lead, 49-24. in all of these polls, we see that mitt romney is roughly even with the president on the -- who can best manage the economy. on their favorable ratings, mitt romney's has i
, wisconsin, iowa and new hampshire. you can head to y nbc.com to reach john harwood's take on the poll and the race for the white house. sdwr joining us is a political reporter at the "washington post" following all of this very closely of course. sean, thanks for joining us. i want to start with this dynamic een obama and chris christie. what's the chris christie strategy here? because it seems to be taking some of the momentum away from his own party. >> yeah, this is really interesting. you have somebody in governor christie who has been an outson critic of president obama. but what we've heard the last three days is nothing but praise for the president and the pearl response to his needs in new jersey. so a little bit of a different tone there. but in times like these when you have natural disasters, you tend to see politicians put politics aside. that said, there's certainly a political up side for obama appearing alongside one of mitt romney's top surrogates yesterday. so sort of an interesting dynamic and unexpected one. >> you see the latest poly just talked about, it suggests
presidents do. i get that. and i think for the moment, your man probably got some. john, i want to ask you, i've been reading in the newspapers -- you correct me if i'm wrong. your superpack and other republican super packs have put $4 million into pennsylvania. team obama, only $625,000. for $4 million, jonathan, you want a rate of return better than a utility executive. you want to actually win the race in that state. >> we wouldn't be spending the money if we didn't think that there were real opportunities in michigan, pennsylvania, and minnesota, as well as wisconsin. the real measure here of that's going on, you go back to that politico george washington university poll, the most recent one. there was a 13-point advantage for republicans in voter intensity, in voter enthusiasm. that's what's driving this. you don't get within three points in minnesota or pennsylvania on a whim. there's a real momentum toward romney here. that's why the money is coming in. that's why obama is really playing hard defense right now. >> larry, two things to watch in pennsylvania. in the west, you have the co
, will air a benefit concert featuring bruce springsteen, john bon jovi, and others. you got to watch it. stay tuned. >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the bill,s market kicking off a new month with a solid rally. investors optimistic ahead of tomorrow's key october job report. >> tomorrow's employment numbers could have a major effect not only on wall street but on the presidential election as well. we'll get market experts to weigh in on that a little later. the other big story, of course, the continued fallout from hurricane sandy. if you have a car in new york, new jersey, other areas affected all along the coast, chances are you're having a hard time filling your gas tank. many stations are still closed. others are seeing huge lines. the question is how long is this going to last? we're going to get into that coming up. >> but first, let's look at where we stand as we approach this final stretch. the mark up 131 points on the dow. check it out. 1% higher on the industrial average. technol
the high of the session. i'm joined now by john woods who's the president of j.j. woods and associates, a veteran trader on the floor. we have above average storage levels for this time of year, we have reduced demand because of hurricane sandy and then we have the winter coming, so how do you play this? >> we have a market that is offline. you had a bullish number that was a little bit below what we thought, we saw 68, 70, 65. i think we're going to go back down to 350. >> you said that before this happened before hurricane sandy, you thought that natural gas might be on its way to $4 even it would be there today. >> all things being equal, if we didn't have this tragedy, it would be at $4. you're having increased demand, you're starting to see some weather patterns coming this. >> there is still a lot of natural gas out there, i mean how cold does it have to get? are you anticipating and do the models show you that it's going to be a very cold winter? >> even if it does show there's a cold winter, do the reverse last summer. hottest on record. my thought is maybe about $4.25. there's
looks like he is the successor. scott forstall and john is now holding a position that no other executive in apple history has held aside from steve jobs. what does that say? >> in the book, i was looking forward to a fundrai-raisefund- guy has stepped forward. this guy was the guy that jobs revered. jobs went to this man and sold the company's rights to that. >> the european markets in the spotlight with trading just down for a second consecutive day here in the united states. also the challenge responding to crises related to hurricane sandy. we'll get a unique perspective from former fema director david paulson. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover anoth
and particularly to john raya and all his staff at nitra. i don't think anybody could have done more to give people notice and advice how to protect themselves. we stressed all along for people living in zone "a" the first option should be finding a safe place to stay with relative or friends. however, we have also opened 76 emergency shelters in city public schools for those who did not have that option. they are still -- >> that is yor mayor mike bloomberg. the headline essentially that he is closing new york city schools for the second day saying there is, quote, no chance that mass transit will be ready to get people to and from work or school around the city. saying the fdr highway is fundamentally closed in his words. looks like the storm surge according to the mayor will hit at least in the new york city area around -- starting around 8:00 or 8:15 p.m. tonight. he's looking for storm surge between 6:00 and 11:00 p.m. jim, obviously we're not a local channel. our news goes around all of the country and around the world. but this is turning into a storm that new york city for most intents and
. >> that's a great question. i was talking to someone at johns hop kins they look at past storms and basically estimating. that's all they can do until they have a better sense of what's happening. >> dennis gartman we talked to him earlier and said the estimates come in low are than expected. seems like the storm surge was so much worse than people anticipated. >> that's a good point, looking at past storms as well katrina is obviously one that's on the radar. they are able to pinpoint a little bit better than they have in the past and get a better sense of what's going on. we have to look at the specific states, what people are dealing with, what the flood also damage is going to be because that's going to change the number materially as well. >> we spoke with one analyst, an insurance analyst who suggested in this situation maybe half of the losses are uninsured losses because flood damage would be so much of the losses that come in, and flood damage isn't covered by regular homeowners' insurance. >> exactly right. i was talking to business owners in the local community here s
Search Results 0 to 29 of about 30 (some duplicates have been removed)